Robert W. Baird Forecasts Strong Price Appreciation for Genpact (NYSE:G) Stock

Genpact (NYSE:G) had its target price lifted by Robert W. Baird from $44.00 to $48.00 in a research report report published on Friday,Benzinga reports. The firm currently has a neutral rating on the business services provider’s stock.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. increased their price objective on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Needham & Company LLC increased their price objective on shares of Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 9th. TD Cowen increased their price objective on shares of Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Jefferies Financial Group increased their price objective on shares of Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Finally, BMO Capital Markets increased their price objective on shares of Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Genpact presently has a consensus rating of “Hold” and a consensus price target of $40.89.

Genpact Price Performance

Shares of NYSE:G traded up $4.13 during midday trading on Friday, reaching $45.94. 3,649,569 shares of the company were exchanged, compared to its average volume of 780,107. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52. The business’s fifty day moving average is $39.03 and its two-hundred day moving average is $35.51. Genpact has a one year low of $29.41 and a one year high of $47.98. The stock has a market cap of $8.19 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 1.69 and a beta of 1.13.

Genpact (NYSE:G) last issued its earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Genpact had a net margin of 14.12% and a return on equity of 22.28%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.15 billion. As a group, analysts predict that Genpact will post 2.85 earnings per share for the current year.

Genpact Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.1525 dividend. This represents a $0.61 annualized dividend and a yield of 1.33%. The ex-dividend date is Monday, December 9th. Genpact’s dividend payout ratio is presently 17.23%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in G. Capital International Investors increased its position in Genpact by 51.8% during the 1st quarter. Capital International Investors now owns 3,086,957 shares of the business services provider’s stock valued at $101,715,000 after purchasing an additional 1,053,236 shares during the period. Dimensional Fund Advisors LP increased its position in Genpact by 34.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock valued at $107,065,000 after purchasing an additional 847,249 shares during the period. Pzena Investment Management LLC increased its position in Genpact by 130.3% during the 2nd quarter. Pzena Investment Management LLC now owns 1,163,870 shares of the business services provider’s stock valued at $37,465,000 after purchasing an additional 658,560 shares during the period. Los Angeles Capital Management LLC purchased a new position in Genpact during the 3rd quarter valued at about $19,779,000. Finally, Tandem Investment Advisors Inc. purchased a new position in Genpact during the 3rd quarter valued at about $17,025,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.